Study Hotels, a lifestyle concept conceived to accommodate the needs of university markets, and developed by Hospitality 3, is expanding to Philadelphia’s University City district.
This project follows The Study at Yale, the brand’s first hotel located in New Haven, Conn. For Philadelphia, Hospitality 3 has signed an agreement to enter into a long-term ground lease with Drexel University. The Study at University City, to be built on the corner of 33rd and Chestnut Streets in West Philadelphia, will be developed and owned by Hospitality 3 and operated by its subsidiary, Study Hotels.
“We are delighted to have secured such an incredible site in the heart of University City and a short walk from 30th Street Station,” said Paul McGowan of Hospitality 3. “Our goal is to create an urban retreat where visitors to campus, culture seekers, professors, students, families and locals intersect to enjoy welcoming spaces and approachable hospitality. The Study at Yale has become an integral part of the Yale University community, and we look forward to playing a similar role in University City by embracing the positive spirit of the area’s thriving academic, research and medical institutions.”
The 145,000-square-foot hotel will have 212 rooms, approximately 7,000 square feet of banquet/meeting space, a 105-seat corner restaurant and bar and a fitness center. Hospitality 3 is collaborating with Philadelphia-based architects DIGSAU to design the hotel with a focus on engaging its surroundings while capturing the character of the area and personality of the neighboring institutions. The hotel is scheduled to open in 2016, according to McGowan.
“A hotel that meets the needs of an academic community is the natural next step in University City’s evolution, and the Study Hotels concept is a great fit,” said John A. Fry, president of Drexel University. “Creative partnerships are one of the keys to developing Drexel’s Innovation Neighborhood, and we’re proud to work with Hospitality 3.”